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Urban Development Action Grant (UDAG)Reuse Board 

In 1984 the City of East Tawas received a $449,000 Urban Development Action Grant from the Federal Government.  This grant was one component of the Downtown Redevelopment program and was loaned to the developers of the Tawas Bay Holiday Inn to make the hotel and convention center a reality on beautiful Tawas Bay in the City of  East Tawas.  The loan was repaid and became the foundation for the UDAG Reuse program.  This program established a perpetual, revolving, low interest loan account for purposes of assisting the owners of existing businesses and industries wishing to rehabilitate and/or expand their operations and to assist those individuals or other entities proposing to construct new businesses or purchase and renovate existing businesses and industries in the City.  Over the years since the original $449,000 was repaid with interest, fifteen loans totaling $1,698,638 have been made to businesses within the City. There are currently five active loans and the UDAG Reuse Board has more than $1,000,000 available for additional low interest loans.  The UDAG Reuse Board also has funds available for zero-interest facade loans.  Click here for information about the facade loan program and an application.

The UDAG Reuse Board consists of the following individuals or positions:

Mayor of East Tawas
 Treasurer of East Tawas
 City Manager of East Tawas
 Chairman of TIFA
 One other member of TIFA (to be appointed by City Council)
 Two members-at-large from the business community (to be appointed by City Council)


The current members include:

Steve Fountain, Chairman
 Tim O’Connor, Vice-Chairman
 Julie Potts, Recording Secretary and Treasurer
 Bruce Bolen
 Brent Barringer
 Kevin Jungquist
 Paul Sullivan

Responsibilities of the UDAG Reuse Board include the following: 

  • To serve in an advisory/recommending capacity to the City Council regarding the loan or administrative use of any and all funds on deposit in the UDAG Funds Reuse Account. 
  • To promote the execution/implementation of the City Development Strategy as adopted and developed by the Tax Increment Finance Authority.
  • To assist in encouraging the development of new commercial/industrial job generating facilities in the City.
  • To work toward the rehabilitation/expansion of existing commercial/industrial job generating facilities.
  • To make recommendations to the appropriate agencies regarding periodic updating of the City economic development strategy.
  • To support the work of the other local agencies, commissions, and groups which carry on economic job generating activities intended to benefit the City of East Tawas.
  • To provide an accounting to the City Council on an annual basis as directed by the Council. 

Click here for the UDAG Reuse Program guidelines.  An application is available at City Hall. Please call (989) 362-6161 or email us for additional information.



 


 

 

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